Energy

Energy Trade

US says Arctic holds 90 billion barrels of oil

The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil, according to...

Energy Trade

US says Arctic holds 90 billion barrels of oil

The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil, according to...

Green Energy

China to finance Indonesian power plant projects

The China Import-Export Bank is financing three projects of steam power plant in several provincial areas in Java Island, Indonesia....

Green Energy

China to finance Indonesian power plant projects

The China Import-Export Bank is financing three projects of steam power plant in several provincial areas in Java Island, Indonesia....

Energy Trade

Ascent to start gas production in Hung

UK-based oil and gas exploration and production company Ascent Resources said it will begin production of natural gas at the...

Energy Trade

Ascent to start gas production in Hung

UK-based oil and gas exploration and production company Ascent Resources said it will begin production of natural gas at the...

Energy Trade

After fuel and power price rises, eyes on China gas

China may raise natural gas prices as soon as September in its latest effort to normalize cheap domestic energy rates,...

Energy Trade

After fuel and power price rises, eyes on China gas

China may raise natural gas prices as soon as September in its latest effort to normalize cheap domestic energy rates,...

Energy Trade

Hess says makes second gas discovery off Australia

US energy firm Hess Corp said it has found natural gas off western Australia, its second discovery on Australia's gas-rich...

Energy Trade

Hess says makes second gas discovery off Australia

US energy firm Hess Corp said it has found natural gas off western Australia, its second discovery on Australia's gas-rich...

Energy Trade

Large gas field found in northeast Romania

Romanian gas company Romgaz has discovered a gas field with a storage capacity of 200,000 cubic meters in the northeast,...

Energy Trade

Large gas field found in northeast Romania

Romanian gas company Romgaz has discovered a gas field with a storage capacity of 200,000 cubic meters in the northeast,...

Green Energy

E.ON building world’s biggest power plant in Russia

Germany’s E.ON began building two 400MW turbines at a power station in Russia’s oil heartland, which when completed would make...

Green Energy

E.ON building world’s biggest power plant in Russia

Germany’s E.ON began building two 400MW turbines at a power station in Russia’s oil heartland, which when completed would make...

Energy Trade

Russia’s Stroytransgaz completes gas pipeline section in India

Stroytransgaz, one of Russia’s largest engineering and construction companies, said on Thursday it had completed the construction of the first...

Energy

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

Energy

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Green Energy

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

Energy

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Green Energy

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

Energy Trade

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Green Energy

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Green Energy

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

Hungary Still EU’s Largest Buyer of Russian Pipeline Gas

Despite reducing its Russian pipeline gas purchases by 10%, Hungary remained the European Union's largest buyer in the first eight...

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Naftogaz, MOL Sign MoU on Fuel Storage in Hungary for Ukraine

Ukraine’s Naftogaz has signed a memorandum of understanding with Hungary’s MOL to explore developing petroleum product storage facilities near the...

Hungary Can Secure Gas Supply Without Russian Imports, Kapitány Says

Hungary could secure its gas supply without Russian imports by October 2027 if current conditions hold, Economy and Energy Minister...

E.ON Installs Four Battery Storage Systems to Support Solar Power and Grid Stability

E.ON Hungária Group has installed four battery storage systems with a combined output of 4 MW and storage capacity of...

MVM Introduces Dynamic Electricity Tariff

From Sep. 1, households and microbusinesses under universal service can voluntarily switch to energy company MVM's new dynamic tariff, which...

Paks Output Tops 800 MW as Record Drought, Heatwave Ease

Output at Hungary's Paks nuclear power plant rose above 800 MW on Sunday as conditions began to improve following the...

Hungary Targets Tenfold Expansion in Wind Power Capacity by 2030

Hungary’s long-stagnant wind energy sector could be set for significant expansion under a government package aimed at increasing installed capacity...

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...